Budget 2020: Government to take further advantage of technologies

Technologies like artificial intelligence (AI), Internet-of-Things (IoT), 3D printing, drones, DNA data storage, quantum computing and many more are re-writing the world economic order.

The Budget 2020-21 noted that India has already embraced new paradigms such as the sharing economy with aggregator platforms displacing conventional businesses. The government has also harnessed these new technologies to enable direct benefit transfers and financial inclusion on a scale never imagined before.

The Finance Minister, Nirmala Sitharaman proposed further measures by the government to take advantage of these new technologies. She asserted that Analytics, Fintech and IoT are changing the way we deal with our lives.